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Jan 24, 2013
01/13
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not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't have to make fundamental cuts in entitlements. i think that's wrong. i think we have to make substantial cuts in entitlements. we should make substantial cuts in many other components of expenditure as well, defense and nondefense in that trying to address our long term fiscal situation with higher taxes is is going to destroy the economy. gerri: democrats are beating the drum on this already. anyone you listen to from that side of the house is really talking about higher taxes. republicans and conservatives in general like to talk about the power of economic growth. could robust growth that a l
not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't...
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Jan 6, 2013
01/13
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how far will the debate push that debt ceiling and if we go over the edge, if you will, of the debt ceiling and cannot meet our obligations, what effect does that have on america, the world and american taxpayer. >> the question also is at that point does the president act on his own and raise the debt ceiling out even going through congress? >> he has said that he won't go to the 14th amendment, which is the mechanism he could do it. but nancy pelosi said she would do it in the second. >> without seeing whether or not they can come up with a bipartisan solution. what are we going to end up doing, print money? >> they do that every day. how would anything be different? the bottom line is when you look at the fiscal cliff deal, $600 billion in new revenue on high income earners and $15 billion in spending cuts, leaving a $4 trillion hole on the budget over the next ten years, you can't keep going that direction. something has to happen. it's a matter of -- everybody agrees, when i asked van hollande and jordan i said do you agree we need to rain in the debt? yes. the question is how do you g
how far will the debate push that debt ceiling and if we go over the edge, if you will, of the debt ceiling and cannot meet our obligations, what effect does that have on america, the world and american taxpayer. >> the question also is at that point does the president act on his own and raise the debt ceiling out even going through congress? >> he has said that he won't go to the 14th amendment, which is the mechanism he could do it. but nancy pelosi said she would do it in the...
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ceiling, but actually the debt. driven by spending, and we see no need i controlling spending anywhere. lou: your organization, the american action forum putting of clear statements about what the likelihood would be of the fiscal clef there's no mystery here. only to use his phrase, only an idiot would be unaware of the import of actually doing something meaningful, sensitive, and lasting when it comes to deficits and debt. >> i could not agree more. you would have to live in a budgetary fantasyland not to understand -- lou: there is the explanation. >> that could be it. in fantasyland having a trillion dollars in additional spending commitments every year as a result of the explosion of the entitlement programs of the next decade. it does not matter, but in the real world it means that we can no longer finance the regular operations of government. we are late and my and -- interest obligations and had to to the next generation an economy that is impaired and the huge bill. there is absolutely no justification for
ceiling, but actually the debt. driven by spending, and we see no need i controlling spending anywhere. lou: your organization, the american action forum putting of clear statements about what the likelihood would be of the fiscal clef there's no mystery here. only to use his phrase, only an idiot would be unaware of the import of actually doing something meaningful, sensitive, and lasting when it comes to deficits and debt. >> i could not agree more. you would have to live in a budgetary...
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Jan 7, 2013
01/13
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advantage in the negotiation on the debt ceiling. if we can stand strong and insist on number one structural reforms to fix the problem and number two, progrowth policies to grow the economy and get jobs back and get people back to work i think we with win that debate and win that argument. i don't think what washington needs is more compromise. i think washington needs more common sense and more principle. >> it is good to get to know you. thanks so much for dropping by and good luck. >> thank you for having me. >> appreciate it. >> up next, a new year, a new congress. we'll ask our political panel if the political well is still poison. >>> our economy captain afford more protracted showdowns or manufactured crises along the way. >> the american dream is in peril so long as its name sake is weighed down by this anchor of debt. break its hold and we begin to set our economy free. >> the president and the speaker of the house on the perils and possibilities of the tough fiscal battles that yet lie ahead. time for our sunday panel. bri
advantage in the negotiation on the debt ceiling. if we can stand strong and insist on number one structural reforms to fix the problem and number two, progrowth policies to grow the economy and get jobs back and get people back to work i think we with win that debate and win that argument. i don't think what washington needs is more compromise. i think washington needs more common sense and more principle. >> it is good to get to know you. thanks so much for dropping by and good luck....
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Jan 8, 2013
01/13
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that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. >>> john brennan is the man president obama nominated to run the cia. he is also the man who helped create america's policy of drone war fare. that is next. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if, while on enbrel, you ex
that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. >>> john brennan is the man president obama nominated to run the cia. he is also the man who helped create america's policy of drone war fare. that is next. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower...
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Jan 8, 2013
01/13
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that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. ] up high! up high! [ sighs ] [ chuckles ] yo, give it up, dude! up high... ok. up high... ok. high! up high!!! ok ok that's getting pretty old. don't you have any useful apps on that thing? who do you think i am, quicken loans? [ chuckles ] at quicken loans, our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphone. this great tool answers your home loan questions organizes your results, and lets you calculate with the confidence of a rocket scientist. you can even take notes and add photos of your favorite homes! it's the 21st century way to make your next home refinance or purchase easy. download it today from the app store or google play... the mortgage calculator by quicken loans... one more way
that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. ] up high! up high! [ sighs ] [ chuckles ] yo, give it up, dude! up high... ok. up high... ok. high! up high!!! ok ok that's getting pretty old. don't you have any useful apps on that thing? who do you think i am, quicken loans? [ chuckles ] at quicken loans, our amazingly useful mortgage calculator...
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Oct 15, 2013
10/13
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MSNBC
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good morning, sir. >> let's raise that debt ceiling. welcome back. and now let's start with jimmy kimmel who noticed something a little strange after the bears/giants game last week. >> bears running back matt forte spoke to reporters in the locker room after the game. keep an eye on rich king in the background. >> between time of possession and not having to -- did a freight job finding open receivers. you want to win all your home games. hard to win on the road. so getting a win tonight was critically important. >> get that man a chapstick, will you? i don't know what he was doing, but mrs. king is a very lucky woman. >> well, sometimes it's vampires, but apparently zombies are hot enough to make a show about them the most watched show on television. more than 16 million people tuned into walk the walking dead's season four premiere. even beat out sunday night football. and remember, this show is on amc. they just keep cranking it out. entertainment weekly reports viewer ship is up 30% from the show's previous high. now, who is behind what many con
good morning, sir. >> let's raise that debt ceiling. welcome back. and now let's start with jimmy kimmel who noticed something a little strange after the bears/giants game last week. >> bears running back matt forte spoke to reporters in the locker room after the game. keep an eye on rich king in the background. >> between time of possession and not having to -- did a freight job finding open receivers. you want to win all your home games. hard to win on the road. so getting a...
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Jan 6, 2013
01/13
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advantage in the negotiation on the debt ceiling. if we can stand strong and insist on number one structural reforms to fix the problem and number two, progrowth policies to grow the economy and get jobs back and get people back to work i think we with win that debate and win that argument. i don't think what washington needs is more compromise. i think washington needs more common sense and more principle. >> it is good to get to know you. thanks so much for dropping by and good luck. >> thank you for having me. >> appreciate it. >> up next, a new year, a new congress. we'll ask our political panel if the political well is still poison. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shake
advantage in the negotiation on the debt ceiling. if we can stand strong and insist on number one structural reforms to fix the problem and number two, progrowth policies to grow the economy and get jobs back and get people back to work i think we with win that debate and win that argument. i don't think what washington needs is more compromise. i think washington needs more common sense and more principle. >> it is good to get to know you. thanks so much for dropping by and good luck....
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Feb 5, 2013
02/13
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FOXNEWS
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that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on what the government can spend. when you reach your credit, they will give you another thousand dollars and that is new limit. what has now happened is capitol hill has suspended that limit, now you are going to american express card with no limit and you have given the president no limit until mid may? >> i don't think american express would like the comparison because it couldn't be as bad. [ laughter ] >> but they are limited by the appropriations process and house and senate under the constitution have the power of the purse. he is not supposed to spend important. having said that, you are right. it's a huge problem. we should not extend the debt limit again. what is coming up, it may be four to six months unless there are legally spending cuts. i proposed that legislation. it got a lot of votes on the floor but it's simple idea. reduction of spending for every dollar increase in debt limit and you get to balanced budget over ten years if you do that. >> greta: breaking news, it's an important topic.
that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on what the government can spend. when you reach your credit, they will give you another thousand dollars and that is new limit. what has now happened is capitol hill has suspended that limit, now you are going to american express card with no limit and you have given the president no limit until mid may? >> i don't think american express would like the comparison because it couldn't be as bad. [...
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Oct 13, 2013
10/13
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and then they found out the debt ceiling was the issue. they found out that the government had shut down and that there was no remedy in sight. so it really completely transformed the meeting in the last few days. >> help me understand from your point of view, managing director of the imf, international monetary fund, where you're providing aid to countries at risk around the globe, but you're also keeping an eye on the u.s. economy, the global economy. obviously there is a credibility issue for the united states here, but help me understand the actual economic shock that would result from us not raising this debt ceiling and being in a position where america can't pay all its bills on time? >> do you remember 2008, the beginning of the great recession? >> yes. >> well, if there was a combination of the government shutdown for a period of time and, more seriously, more damaging if the debt ceiling was not lifted with a degree of certainty and enough time so that people could sort of have the assurance that the economy was in good standing,
and then they found out the debt ceiling was the issue. they found out that the government had shut down and that there was no remedy in sight. so it really completely transformed the meeting in the last few days. >> help me understand from your point of view, managing director of the imf, international monetary fund, where you're providing aid to countries at risk around the globe, but you're also keeping an eye on the u.s. economy, the global economy. obviously there is a credibility...
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Oct 8, 2013
10/13
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our debt ceiling is now 14.3 trillion dollars. it will need to be raised in the coming year. >> that guy didn't have to be particularly bright. he just had to know what the dealt ceiling is. it was a completely non-controversial invisible element of our government. the staff of the senate finance committee where we actually had to write debt ceiling increass s into law. john boehner cannot be allowed to pretend that the madness that he is allowing to run rampant is something that every president in modern history has had to contend with. >> every president in modern history has negotiated over a debt limit. debt limits have been used to force big policy changes. >> there is exactly one speaker in modern history who has seriously tried. by exactly one speaker of the house and that speaker of the house is not speaking the truth. here once begin. >> this is something routine. it has been done more than 40 times since ronald reagan is president. it has never before been used in the kind of ways that the republicans are talking about u
our debt ceiling is now 14.3 trillion dollars. it will need to be raised in the coming year. >> that guy didn't have to be particularly bright. he just had to know what the dealt ceiling is. it was a completely non-controversial invisible element of our government. the staff of the senate finance committee where we actually had to write debt ceiling increass s into law. john boehner cannot be allowed to pretend that the madness that he is allowing to run rampant is something that every...
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Jan 18, 2013
01/13
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CURRENT
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ceiling. >> we've always raised the debt ceiling. we should pay our bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we should raise the debt ceiling. that's an automatic. we should move forward and talk about how we create jobs. by creating jobs we reduce the deficit. >> jennifer: i'm take taking it as an encouraging sign that the tea party can be moved by public voices. if they can be moved on the debt ceiling of all things, maybe they could be moved on guns. you wrote in the "huffington post," advocating reducing defense spending so you can spend more money and invest in the united states. the question is in the negotiations in congress over the spending do you see that happening? >> we've go
ceiling. >> we've always raised the debt ceiling. we should pay our bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we should raise the debt...
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Jan 16, 2013
01/13
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ceiling. geithner says he will replace the money, about $156 billion, once the debt limit is raised. it should not jeopardize monthly pension payments. >>> the world anti-doping agency says if lance armstrong wants to compete, he'll have to testify under oath. in a tell-all interview with oprah airing tonight, armstrong admits to doping. we're also hearing from the livestrong foundation which said in a statement, we expect lance to be completely truthful and forthcoming in his interview and with all of us in the cancer community. inspired by the people with cancer whom we serve, we feel confident and optimistic about the foundation's future and welcome an end to speculation. >>> just moments ago, look at this, crews rescued a woman who had been trapped for several hours in between buildings in portland, oregon. she apparently went out for a smoke break and somehow fell into a tight space between those buildings. firefighters actually had to cut through a wall of a parking garage to get her out
ceiling. geithner says he will replace the money, about $156 billion, once the debt limit is raised. it should not jeopardize monthly pension payments. >>> the world anti-doping agency says if lance armstrong wants to compete, he'll have to testify under oath. in a tell-all interview with oprah airing tonight, armstrong admits to doping. we're also hearing from the livestrong foundation which said in a statement, we expect lance to be completely truthful and forthcoming in his...
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Oct 14, 2013
10/13
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whether or not we raise a debt ceiling. you have a proposal to raise it for six weeks, a proposal to raise it to the end of january, and you have a third one where it takes it to the end of the year. second, you have a group that wants to push it out to the end of january and another group wants to push it out for a few months later. when we look back we're going to wonder how on earth could the president and others not come to some agreement when you have plausible, attainable kind of goals in front of us. two, the economy is ready to take off. you saw last week the market exploded. the biggest single gain the day of the year once it looked like a deal was within reach. last week reports demonstrated that america is now the number one interview produced in the world, about to take russia in natural gas and petroleum products, which means higher paying jobs. americans want to work. they want to get beyond this moment. it seems for those who are outside of this, and i'm not as close to washington as i was before, a deal is w
whether or not we raise a debt ceiling. you have a proposal to raise it for six weeks, a proposal to raise it to the end of january, and you have a third one where it takes it to the end of the year. second, you have a group that wants to push it out to the end of january and another group wants to push it out for a few months later. when we look back we're going to wonder how on earth could the president and others not come to some agreement when you have plausible, attainable kind of goals in...
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Oct 13, 2013
10/13
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was president -- raising the debt ceiling does not increase our debt? >> well, on one level, he's right. but in a real sense, he's not right, okay? why do we have to raise our debt zealing? because we're spending more money than we're taking in. at some point, you reach the ceiling and you have to move on or else you can't do it. >> congress and the president raised the debt ceiling. >> of course. it's not done exclusively by the president. but you can't just say that, you know, accumulating all of these debts has no consequence. one of the consequences is it runs into a debt ceiling. ask any family in america. they will tell you what their debt ceiling is. >> these are obligations already incurred for which you have to pay. so the debt is already incurred. we haven't yet printed a treasury bond to make good on that. >> you don't think he was being disingenuous? >> no, no. technically, and in the spirit of it, he's absolutely right. >> talking about disingenuity, the republican party is claiming they are so obsessed and worried about the deficit, they s
was president -- raising the debt ceiling does not increase our debt? >> well, on one level, he's right. but in a real sense, he's not right, okay? why do we have to raise our debt zealing? because we're spending more money than we're taking in. at some point, you reach the ceiling and you have to move on or else you can't do it. >> congress and the president raised the debt ceiling. >> of course. it's not done exclusively by the president. but you can't just say that, you...
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Oct 17, 2013
10/13
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and we all call on the congress to raise the debt ceiling and avoid this default. we urge congress to put an end to this hostile climate of uncertainty and brinksmanship. it is time to move our country forward, not to jeopardize the hard work and the progress that we have all made together. at the end of the day, the elected leaders have a stake in preserving our free market economy and american way of life. negotiations with a motivated by profit or politics achieve the highest possible success when we recognize that cooperation works much better than conflict and that solidarity will always out last isolation and that our differences do not outweigh our common interest. thank you very much. >> next we will hear from ian kramer of its executive leaders engaged on alzheimer's disease. >> thank you for the opportunity to be here today. this is not a happy day. this is a day that we all sidey and relief that the circular firing squad said ready, aim and then held its breath and this crisis is not over. all it is is delayed so the guns are still pointed. and the real
and we all call on the congress to raise the debt ceiling and avoid this default. we urge congress to put an end to this hostile climate of uncertainty and brinksmanship. it is time to move our country forward, not to jeopardize the hard work and the progress that we have all made together. at the end of the day, the elected leaders have a stake in preserving our free market economy and american way of life. negotiations with a motivated by profit or politics achieve the highest possible...
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Jan 24, 2013
01/13
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CURRENT
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on the other hand they caved on the debt ceiling. so why did they cave on the debt ceiling. we have an expert on that. i think that's really interesting, and what do they plan to do on the budget fights instead. and then there is an unbelievable documentary on how wall street got away with clear criminal action. it's a devastating story. i can't wait to share it. >> jennifer: all right. cenk uygur "young turks" at the top of the hour. thanks, cenk. >> thank you. >> jennifer: now we're going to turn to a story about equality. located in the nation's capitol, washington national cathedral is the sixth largest cathedral in the world, and the second largest in the united states. it was built in 1792. it is magnificent. it has hosted many important events. it is also a place where local d.c. resident goes to pray and baptize their children and get married. and now for the first time in the institution's more than 200-year history, gay couples can officially get married at the cathedral too. here to tell us about this exciting development is the dean of the national cathedral, the
on the other hand they caved on the debt ceiling. so why did they cave on the debt ceiling. we have an expert on that. i think that's really interesting, and what do they plan to do on the budget fights instead. and then there is an unbelievable documentary on how wall street got away with clear criminal action. it's a devastating story. i can't wait to share it. >> jennifer: all right. cenk uygur "young turks" at the top of the hour. thanks, cenk. >> thank you. >>...
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Feb 20, 2013
02/13
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this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that's really very disadvantageous for so many workers. >> jared, let me interrupt this colloquy here and ask you, jared, we know that there are other looming fiscal fights, the march 27th deadline for the continuing resolution, bu
this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say...
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Jan 5, 2013
01/13
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to be a part of the debt ceiling debate. spending cuts must be balanced with reforms to our tax code. the wealthest and biggest corporations shouldn't take of loop holes and deductions. it is settled when they raised taxes on the rich . now they want to focus on spending cuts . they are likely to have more leverage . the if the is democrats refuse to take a meaningful statement to make washington live within its mean. that fails to acknowledge what every family knows. when you have no more money in the account and credit cards are maxed stop. that made employers less likely to hire. we can't afford that uncertain ty even with the threat of a default. it could trigger a global recession . >> tomorrow on fox news sunday. john roberts with chris wallace . his guest republican jim jordan from ohio and democratic chris van hollen. check your time for times. >> fox news confirms that and it is chuck haggerty. and james rosen has this report. >> jamie, good evening. two democratic sources confirm to ed henry late yesterday that pre
to be a part of the debt ceiling debate. spending cuts must be balanced with reforms to our tax code. the wealthest and biggest corporations shouldn't take of loop holes and deductions. it is settled when they raised taxes on the rich . now they want to focus on spending cuts . they are likely to have more leverage . the if the is democrats refuse to take a meaningful statement to make washington live within its mean. that fails to acknowledge what every family knows. when you have no more...
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Jan 12, 2013
01/13
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CNBC
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that's what the debt ceiling is all about. and the irony is the 14th amendment argument actually could work both ways. arguably the debt ceiling itself is unconstitutional. because it questions the validity of the national debt. the debt that congress has already racked up. >> no. it questions the appropriateness of raising the debt. that's the issue. jimmy, i want to go here. is there anybody on the republican side who is saying we want to default on the debt? is there anybody on the republican side that says we're not going to raise the debt ceiling? >> no. nobody thinks that's a good idea to default on the debt. going past the debt ceiling i think that's not a great idea. but theoretically there's enough money coming in to pay the debt. you could pay people getting social security. that's really not the point. the point is whether there is at some point are there -- i think there should be actual spending cuts. listen. cut spending today. cut spending tomorrow. but cut spending sometime somewhere. but we're not doing that.
that's what the debt ceiling is all about. and the irony is the 14th amendment argument actually could work both ways. arguably the debt ceiling itself is unconstitutional. because it questions the validity of the national debt. the debt that congress has already racked up. >> no. it questions the appropriateness of raising the debt. that's the issue. jimmy, i want to go here. is there anybody on the republican side who is saying we want to default on the debt? is there anybody on the...
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Jan 18, 2013
01/13
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the budget they voted for requires the debt ceiling to be raised. and now when the time comes to avoid default, they don't want to do it. but i think what you're seeing is speaker boehner knows this isn't a viable tactic. i think mr. ryan knows it's not a viable tactic. but there's a lot in the republican conference that continue to see this doomsday kind of approach as a viable approach. and i think that cooler heads are starting to prevail on the republican side. and that's a good thing. >> and you are part of this no labels coalition wanting to reach across the aisle. but let me read to you what david brooks wrote. polarization is too deep, special interests are too strong. the negotiators are too rusty. republicans are not going to give up their vision of a low-tax america. democrats are not willing to change the current entitlement programs. so realistically, do you really believe that the next four years are going to be different than the last four years? >> well, you know, i don't have a prediction. i have a job. and my job is to try to solve
the budget they voted for requires the debt ceiling to be raised. and now when the time comes to avoid default, they don't want to do it. but i think what you're seeing is speaker boehner knows this isn't a viable tactic. i think mr. ryan knows it's not a viable tactic. but there's a lot in the republican conference that continue to see this doomsday kind of approach as a viable approach. and i think that cooler heads are starting to prevail on the republican side. and that's a good thing....
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Jan 7, 2013
01/13
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. >> let me turn your attention to the debt ceiling debate which will ramp up in earnest to the extent it didn't already on sunday morning talk shows. you were made aware of analysis that indicates we will hit that debt ceiling maybe even sooner or than the treasury will have to start taking its ex record to marry steps even sooner than we thought. so what happens if we really get to the point where we go over, and what the next steps? what does the treasury do? >> very difficult choices. the treasury would have to prioritize bill paying. they could do it by the day. do it by the type of expense they are going to repay. presumably sovereign debt would be repaid first. but given the fact this is unprecedented, never happened before, you could have the president reconsidering his assertion that he could not use executive authority. the president said he does not believe that under the constitution he can un latry raise the debt ceiling. but some disagree and urge him to do that. he said he will not negotiate with congress at all. so you have to think that is at east in the background. th
. >> let me turn your attention to the debt ceiling debate which will ramp up in earnest to the extent it didn't already on sunday morning talk shows. you were made aware of analysis that indicates we will hit that debt ceiling maybe even sooner or than the treasury will have to start taking its ex record to marry steps even sooner than we thought. so what happens if we really get to the point where we go over, and what the next steps? what does the treasury do? >> very difficult...
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Sep 28, 2013
09/13
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KCSM
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the borrowing and the continuous raising of the debt ceiling. why don't these politicians just put up a bill to eliminate the debt ceiling, what is the purpose of having a debt ceiling if we raise it every time we get to it as nobody wants to vote to eliminate the debt ceiling because they want to pretend they care about the debt but everyone wants and increase. if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling, there is opportunities because we now they're going to increase the debt ceiling but ultimately, the biggest crisis does not come because we failed to raise the debt ceiling but because we do raise it and we repeatedly raise it and that is why the country is rogue. >> there is some talk about getting rid of the debt limit. even if the president were to use the 14th amendment solution as speaker nancy pelosi has suggested he do. that would by default get rid of the debt limit. about a month ago a baby panda was born at the national zoo. we are in these critica
the borrowing and the continuous raising of the debt ceiling. why don't these politicians just put up a bill to eliminate the debt ceiling, what is the purpose of having a debt ceiling if we raise it every time we get to it as nobody wants to vote to eliminate the debt ceiling because they want to pretend they care about the debt but everyone wants and increase. if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling,...
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Jan 18, 2013
01/13
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debt ceiling discussion, debt ceiling and the fact that the federal government will run out of money at the end of march. >> all those bring a confluence of an opportunity to drive a debate and drive changes that get us towards long-term prosperity and get us off of this notion that we can just continue to borrow and spend. >> reporter: it is clear most republicans want there to be spending cuts as part of these fiscal matters as they work on long-term extensions or solving these problems long term. jenna. jenna: mike, if we're hearing this, then the white house is probably hearing this as well. any reaction from the white house about potentially this plan from republicans? report or the jenna, --. >> reporter: jenna white house officials are saying if congress doesn't want to raise the debt ceiling they should authority rise president obama to do it himself. they should extend it so it doesn't cause concern for the economy and global markets. >> longstanding tradition for the congress to raise the debt ceiling. this is power they have given themselves, the point is without delay. a
debt ceiling discussion, debt ceiling and the fact that the federal government will run out of money at the end of march. >> all those bring a confluence of an opportunity to drive a debate and drive changes that get us towards long-term prosperity and get us off of this notion that we can just continue to borrow and spend. >> reporter: it is clear most republicans want there to be spending cuts as part of these fiscal matters as they work on long-term extensions or solving these...
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Oct 4, 2013
10/13
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the debt ceiling. we'll talk about all of it with the former defense secretary, leon panetta. >>> and congresswoman michele bachmann is here with us as well. i'll ask her if she said a shutdown is exactly what republicans want. >>> plus, new details on the woman killed by police in the car chase that ended outside the capitol, including medication found in her home that may provide important clues. i'm wolf blitzer. you're in "the situation room." >>> there's a breaking news happening, very disturbing information coming in, reports we're getting of a man who may have set himself on fire here in washington on the national mall. let's go straight to brian todd. he's got the latest. what happened, brian? >> reporter: well, we were just down here on the national mall and we were diverted to an area near the air and space museum. people who are not familiar with washington, may not know exactly where that is but it's in the middle of the mall. people have told us they had reports of a man on fire. it is unc
the debt ceiling. we'll talk about all of it with the former defense secretary, leon panetta. >>> and congresswoman michele bachmann is here with us as well. i'll ask her if she said a shutdown is exactly what republicans want. >>> plus, new details on the woman killed by police in the car chase that ended outside the capitol, including medication found in her home that may provide important clues. i'm wolf blitzer. you're in "the situation room." >>>...
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just put up a bill to eliminate the debt ceiling what's the purpose of having a debt ceiling if we raise it every time we get to it because nobody wants to vote to eliminate the debt ceiling because they want to pretend that they care about the debt but everybody wants to increase it because they don't want to cut any spending but if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling clearly there's opportunities because we know they're going to increase the debt ceiling but ultimately the biggest crisis not it doesn't come because we fail to raise the debt ceiling but because we do raise it and we repeatedly raise it and that's why the country is broke i think because there actually is some talk about kind of getting rid of the debt limit i mean even if the president were to use the fourteenth amendment solution as speaker the house nancy pelosi has suggested he should do that would kind of by the fall get rid of the debt limit but one last question here about a month ago a baby panda was born at the national zo
just put up a bill to eliminate the debt ceiling what's the purpose of having a debt ceiling if we raise it every time we get to it because nobody wants to vote to eliminate the debt ceiling because they want to pretend that they care about the debt but everybody wants to increase it because they don't want to cut any spending but if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling clearly there's opportunities...
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Sep 18, 2013
09/13
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they'll default if they don't raise that debt ceiling. both sides seem to be digging in strongly, gloria. >> yeah, and what you have there in john boehner, wolf, is the house speaker that is really being held hostage by the conservative wing of his own caucus. what they're saying is they're tying this to repealing a piece of legislation, a large one passed three years ago that they do not like, repealing obama care, which by the way, is the president's signature piece of legislation and what john boehner seems to be doing is saying okay, we're going to tie it to the repeal of obama care. we'll pass that out of the house of representatives. it will go to the senate, it won't pass and then the big question is, wolf, whether if it goes back to the house, stripped of this repeal of obama care, whether these conservative republicans will actually end up voting to fund the government. and that is the big question now that they all face. and i don't think anybody around here knows the answer to it. >> a lot of republicans remember what happened
they'll default if they don't raise that debt ceiling. both sides seem to be digging in strongly, gloria. >> yeah, and what you have there in john boehner, wolf, is the house speaker that is really being held hostage by the conservative wing of his own caucus. what they're saying is they're tying this to repealing a piece of legislation, a large one passed three years ago that they do not like, repealing obama care, which by the way, is the president's signature piece of legislation and...
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Oct 8, 2013
10/13
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whoa is the debt ceiling? >> what that implies is that for the federal government to keep adding debt and maintaining it's current level of spending it has to have approval from congress that it can increase borrowing. without the lifting of the debt ceiling the government has to begin to cut spending as this prproceeds the cuts will be more difficult for society. >> raising the debt limit is not that big of a deal, is it or isn't it? >> it becomes a very big deal the longer the debt ceiling is not lifted. >> i would be suburb price subut the lifting of the debt ceiling the government will be forced to cut back on social security and just cutting back on the scogs l security would have an effect of the governmenspending. and create a recession. why are people saying a default could be worse than the financial crisis of 2008? >> that would bring in question the trillions of dollars of outstanding treasury debt. it's very important if we are going to have an adequate supply of credit to the sector. if the u.s. t
whoa is the debt ceiling? >> what that implies is that for the federal government to keep adding debt and maintaining it's current level of spending it has to have approval from congress that it can increase borrowing. without the lifting of the debt ceiling the government has to begin to cut spending as this prproceeds the cuts will be more difficult for society. >> raising the debt limit is not that big of a deal, is it or isn't it? >> it becomes a very big deal the longer...
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Oct 15, 2013
10/13
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CSPAN
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as part of a debt ceiling agreement. we need to have savings and ourrms that underlie problem. the problem that we are spending more than we take in. we cannot just raise the debt ceiling for another year at a trillion dollars in debt to the dutch we are ready have of $17 trillion. kind of like going to the bank. you go to the bank and talk to the banker and say i want to increase the loan i have and want to increase mice but it -- credit limit. he may be willing to give you but he will say what are you going to do to address the underlying problem? the president identified more billion dollars in changes in savings and reforms that he could support for mandatory spending programs. we talked about those times. now is the time to implement savings and reforms to the mandatory spending programs. i will give you an example of one that i have been hard at work on for the past two years. that is the farm bill. we work hard on changes and improvement and strengthening the crop insurance. that is what farmers and ranchers want.
as part of a debt ceiling agreement. we need to have savings and ourrms that underlie problem. the problem that we are spending more than we take in. we cannot just raise the debt ceiling for another year at a trillion dollars in debt to the dutch we are ready have of $17 trillion. kind of like going to the bank. you go to the bank and talk to the banker and say i want to increase the loan i have and want to increase mice but it -- credit limit. he may be willing to give you but he will say...
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Jan 15, 2013
01/13
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congress has just weeks to increase our debt ceiling. fitch, a leading credit ratings agency, says a repeat of the 2011 debt limit crisis would spark a formal review of our country's aaa rating. that could mean a downgrade by them. now you might remember, s&p, a different agency, already downgraded our country in 2011. that was the first time in our history that that happened. the president is taking a hard-line stand, issuing a warning of his own to the gop. >> we have to pay our bills. congress has two choices here. we can act responsibly and pay america's bills. or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. jenna: republicans like congressman jason chaffetz blasting back against the president. >> i think the president was terribly irresponsible today. to say he will not talk about it because he is above it, but blame all of congress, in part congress helped create this problem but we are going to hear to solve this pr
congress has just weeks to increase our debt ceiling. fitch, a leading credit ratings agency, says a repeat of the 2011 debt limit crisis would spark a formal review of our country's aaa rating. that could mean a downgrade by them. now you might remember, s&p, a different agency, already downgraded our country in 2011. that was the first time in our history that that happened. the president is taking a hard-line stand, issuing a warning of his own to the gop. >> we have to pay our...
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Jan 18, 2013
01/13
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FBC
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next few months, with this debt ceiling fight. and try to extract more spending cuts out of democrats over the next few months. but again it has become clear through this strategy, appears we're going to have these spending and budgeting fight pretty much every few months in washington, as no long-term strategy is yet to emerge. back to you. ashley: you're thrilled by that, rich edson, thanks so much. tracy: poor guy. all right, let's talk more about that. house republicans laying out their strategy in this debt ceiling fight but will this no budget, no pay thing work to address our physical problems? joining us now, douglas holtz-eakin, president of the american action for rim. rich is talking about we're basically punting the debt ceiling three months. should the republicans drop the debt ceiling fight all together and focus on sequester, continuing resolution? they probably have more room to fight? >> getting it in this order, putting debt ceiling last, other bills first is to their advantage because they're fighting about spen
next few months, with this debt ceiling fight. and try to extract more spending cuts out of democrats over the next few months. but again it has become clear through this strategy, appears we're going to have these spending and budgeting fight pretty much every few months in washington, as no long-term strategy is yet to emerge. back to you. ashley: you're thrilled by that, rich edson, thanks so much. tracy: poor guy. all right, let's talk more about that. house republicans laying out their...
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Jan 15, 2013
01/13
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maybe we shouldn't call this the debt ceiling at all. maybe we should change it the downgrade ceiling because this game of chicken is sick. >> sometimes semantics can make all the difference. >>> breaking news. "usa today" is reporting that lance armstrong has confessed to using performance enhancing drugs. i am looking at just rapped with lance armstrong, 2 1/2 hours. he came ready. what he did tell her? >> he confessed to doping in his cycling career. the interview just wrapped. and there is a confidentiality agreement about the show. it won't air until thursday. the plan all along was to use the venue to confess. make an admission about doping in his cycling career. something he's never done before. he's denied it for years and attacked those who accused him of it for years. >> significant development. >> attacked and attacked aggressively. denied allegations so many times. many people who thought there was no way he could tell the truth believed him. the power and passion in which he denied it. now he has admitted to something, now t
maybe we shouldn't call this the debt ceiling at all. maybe we should change it the downgrade ceiling because this game of chicken is sick. >> sometimes semantics can make all the difference. >>> breaking news. "usa today" is reporting that lance armstrong has confessed to using performance enhancing drugs. i am looking at just rapped with lance armstrong, 2 1/2 hours. he came ready. what he did tell her? >> he confessed to doping in his cycling career. the...